AutoCanada (TSE:ACQ) PT Lowered to C$25.50

AutoCanada (TSE:ACQ) had its price objective reduced by equities researchers at Scotiabank from C$28.00 to C$25.50 in a research report issued on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 21.14% from the company’s previous close.

A number of other equities research analysts have also commented on ACQ. National Bankshares dropped their price objective on shares of AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Friday, May 3rd. ATB Capital downgraded AutoCanada from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$62.00 to C$25.00 in a research note on Friday, May 3rd. Acumen Capital downgraded AutoCanada from a “speculative buy” rating to a “hold” rating and decreased their price objective for the stock from C$24.50 to C$21.50 in a report on Friday, May 3rd. CIBC lowered AutoCanada from a “neutral” rating to an “underperform” rating and dropped their target price for the company from C$25.00 to C$18.00 in a research report on Friday, May 3rd. Finally, Royal Bank of Canada reduced their price target on AutoCanada from C$22.00 to C$21.00 and set a “sector perform” rating for the company in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$23.00.

AutoCanada Stock Performance

Shares of AutoCanada stock opened at C$21.05 on Monday. The stock’s fifty day simple moving average is C$24.01 and its 200 day simple moving average is C$22.36. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 396.08. The company has a market capitalization of C$496.99 million, a PE ratio of 10.22, a PEG ratio of 0.30 and a beta of 2.60. AutoCanada has a 12 month low of C$15.14 and a 12 month high of C$27.54.

AutoCanada (TSE:ACQ) last released its quarterly earnings results on Thursday, March 7th. The company reported C$0.69 EPS for the quarter, topping analysts’ consensus estimates of C$0.56 by C$0.13. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%. The company had revenue of C$1.48 billion for the quarter, compared to analyst estimates of C$1.43 billion. On average, research analysts predict that AutoCanada will post 3.0424469 EPS for the current year.

Insider Activity

In other news, insider EdgePoint Investment Group Inc. acquired 21,200 shares of the stock in a transaction dated Tuesday, March 19th. The shares were bought at an average cost of C$26.64 per share, for a total transaction of C$564,865.52. In the last 90 days, insiders purchased 34,650 shares of company stock valued at $885,855. 4.70% of the stock is owned by insiders.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.